In a decisive move towards a cleaner future, Zoroastrian Cooperative Bank Ltd. (ZCBL) has launched a pioneering initiative – Solar Financing, aimed to accelerate the widespread adoption of clean, renewable energy, in partnership with Tata Power Renewable Energy Limited – a leading player in India’s solar power sector and a subsidiary of The Tata Power Company Limited.

Designed for both residential and industrial usage, this financing solution supports the installation of rooftop and ground-mounted solar systems, making the transition to solar power more accessible and affordable. ZCBL’s Solar Loans are specifically designed to meet the growing demand for sustainable energy solutions, by offering attractive financing options that empower homeowners and businesses.

Competitive interest rates start at 7.99% per annum, with the loan covering up to 85% of the total project cost of solar installations, making the shift more accessible by reducing the upfront financial burden. Flexible Repayment Terms of up to seven years are offered, allowing for a smooth and budget-friendly transition, where customers can prepay the loan without any charges, and settle their dues early without additional costs. ZCBL also offers 100% financing if cash collaterals up to 25% are provided, while loans above Rs. 5 crore will be considered on a case-to-case basis.

The introduction of the Solar Financing solution is a reflection of Zoroastrian Bank’s commitment to environmental sustainability and corporate social responsibility. “At Zoroastrian Bank, we believe in empowering our customers with financial solutions that not only enhance their lives but also contribute to a greener planet. Our Solar Loan product is a step toward a sustainable future, ensuring that clean energy is within reach for homeowners and businesses alike. Together, we are building a brighter, more sustainable tomorrow,” said Yazdi Tantra, Chairman, ZCBL.

ZCBL’s Custom Solar financing solutions meet varied needs – providing cost-effective ways to reduce electricity bills for homeowners, while businesses benefit from lower long-term energy costs and reduced carbon footprints. The collaboration with Tata Power Renewable Energy Limited ensures its customers benefit from cutting-edge technology, efficiency, and reliability in their energy systems via access to premium-quality solar products and the expertise needed for seamless installations. “This collaboration ensures that applicants seeking financing for solar projects have access to high-quality solar products and expert installation services, along with customer-friendly, flexible financing options from Zoroastrian Bank,” shared Daljit Dogra, MD & CEO, ZCBL, reaffirming the bank’s commitment to sustainability and financial inclusivity.